Mission Creep: EBRD Turns Into Mideast Aid Agency

You see a major Jordanian camp for Syrians refugees in Zaatari; the EBRD sees a development opportunity.

The European Bank for Reconstruction and Development (EBRD) was founded in the aftermath of WWII to rebuild a continent shattered by that conflict. It is one of four regional development banks together with those in Africa, the Americas, and Asia. Until recently, the EBRD's mission has not strayed far from providing funding for, yes, European reconstruction and development. In recent decades, it has helped transition economies from the former Soviet bloc move to capitalist systems.

Now, though, comes an element of "mission creep": with Middle East turmoil driving millions upon millions of refugees to European shores, the EBRD is now tasked with helping staunch this massive flow of humanity. How? By promoting economic development in Middle Eastern countries that are currently hosting large numbers of refugees:

This realization has prompted the European Bank of Reconstruction and
Development to find a new calling: crisis development. Created after the
fall of the Berlin Wall to help Europe's ex-communist nations become
market economies, the EBRD controversially moved on to Egypt, Jordan,
Morocco and Tunisia after the Arab Spring. Last summer, as he watched TV
coverage of refugees coming to Europe, the bank's president, Suma
Chakrabarti, told me he saw "an opportunity to show we are relevant to
crisis situations." Now Lebanon has applied for EBRD membership.

Thus went the call for funding for Middle East projects:

In October, Chakrabarti says he got the EBRD's board to agree to a new approach.
It would help stabilize refugee host countries by corralling funds and
private investors to deal with the consequences of sudden population
explosions and treat them as a development opportunity. On Wednesday, he
announced a 900-million euro program. "We're ready to go," says
Chakrabarti. All that's required is for donor countries to provide 400
million euros, and for the host countries to cooperate.

Jordan is currently one of the targeted nations given its massive population surge from refugees settling there:

In 2010, the population of Lebanon was around 4.3 million. By last
summer the CIA estimated that figure at 6.2 million, mostly because of
refugees from Syria. It is, said Lebanon's education minister Elias Bou
Saab, as though 32 million people had suddenly descended on Britain...

Start with sewage. Already straining, Jordan's system can't cope with 1.4 million extra Syrians, so the first EBRD project would strengthen the network in the Zarqa River area, north of Amman. Then landfills - they're full. New ones have to be built.

Jordan,
the second most water-poor country on earth, has had to halve cistern
deliveries in some areas. Leaking water pipes need repair. Four hundred
schools are running double shifts -- local kids in the morning, Syrians
in the afternoon. More schools need to be built. Hospitals are
overwhelmed. Transportation systems are overrun. Digging landfills
and laying pipes is labor intensive, as is building schools and
hospitals -- which is good. The work can employ both locals and Syrians.

Maybe it should now be called the EMEBRD--the European and Middle Eastern Bank for Reconstruction and Development.